Wednesday, August 17, 2011

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant hanging on to the short side but tenuously. A turn appears imminent. UTIL is above 429.81, SPX:VIX approaching 39, the SPX moved up and over 1204.22; it's all going the market bulls way. The algo wants to flip long now but is being held back by other programming rules. A move over SPX 1208.18 will probably trigger the flip to the long side. The market bears must defend 1208.18 to stop the bulls, it is the final line in the sand.  Time will tell.

8/28/11; 7:00 PM EST =
8/26/11; 10:00 AM EST =
8/21/11; 7:00 PM EST =
8/17/11; 9:59 AM EST = -56; signal line is -73 but algorithm says stay short
8/16/11; 9:00 AM EST = -72; signal line is -72
8/15/11; 9:30 AM EST = -72; signal line -70
8/14/11; 7:00 PM EST = -88; signal line -68

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